This op-ed is part of CoinDesk’s Tax Week, presented by TaxBit. Matan Doyich is the co-founder and CEO of Crypto Index.
Far from being just another set of rules, the Internal Revenue Service’s (IRS) proposed “broker rule” aims to establish an overarching taxation framework for digital assets. It’s also become a rallying cry for crypto leaders to unite against what many perceive as a potential encroachment on privacy rights, innovation and a departure from crypto’s decentralized foundations.
Does this sound familiar?
With the Security and Exchange Commission mulling its own comprehensive crypto regulations — looking to fill a regulatory gap by bringing digital asset